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Quote on MCX Gold hitting Rs. 49,000 level by Mr. Rahul Gupta, Emkay Global Financial Services
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Below are Technical Quote on MCX Gold hitting Rs. 49,000 level by Mr. Rahul Gupta, Head of Research- Currency | Emkay Global Financial Services
“The yellow metal has continued to show strength and the safe-haven demand will remain intact in general. While, DXY is struggling to extend recovery moves. MCX gold has hit the higher end of the range around 49000, further upside is possible only if prices hold on to these areas for few sessions. Else a correction towards 48000/47500 should be seen.”
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